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X+7/5x=470
Step 1: Simplify both sides of the equation.
x+7/5x=470
(x+7/5x)=470 (Combine Like Terms)
12/5x=470
Step 2: Multiply both sides by 5/12.
(5/12) times (12/5x) = (5/12) times 470
X=1175/6
So your answer is 1175/6
Hope it helps
Answer:
D) must pay taxes on profits.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
The different types of tax include the following;
1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.
2. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.
3. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.
Hence, people who make money investing in the stock market must pay taxes on profits.
Gross national income of Germany is very low compared to the United States and China but the gross national income of European Union is not as low compared to other unions. Thus Germany enjoys a comparative advantage with membership in European union.
<u>Explanation:</u>
Gross national income of the European Union is $17.3 trillion which is not very low compared to that of the other unions but the gross national income of Germany is $3.7 trillion which comparatively very low to that of the other countries.
When trading as a part of the European Union, Germany has great trade and growth. But alone as a country, the gross national income of Germany is comparatively quite low compared to that of United States of America and China. Thus Germany definitely has a comparative advantage over other countries.
